2025-11-13T16:34:55-06:00 2024-12-31 331498605 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 300 AUBURN HILLS MI 48326 990 2024-01-01 843434830 COMMUNITY HOMES LAND TRUST COMM 6163369333 415 MARTIN LUTHER KING JR ST SE 1 GRAND RAPIDS MI 49507 MOLLY PETERSEN VP FINANCE 6163369333 2025-11-13 1 1 ALYSSA M KENT P01701477 2483757100 2025-11-13 2024 2025-03-06 01:10:19Z MOLLY PETERSEN 415 MARTIN LUTHER KING JR ST SE 100 GRAND RAPIDS MI 49507 141931 0 X HTTPS://ICCF.ORG/HOMES/CHLT/ X 2018 MI TO ACQUIRE, OWN, DISPOSE OF, AND DEAL WITH REAL AND PERSONAL PROPERTY AND INTERESTS TO PROVIDE OPPORTUNITIES FOR LOW AND MODERATE INCOME PEOPLE TO SECURE HOUSING THAT IS DECENT AND AFFORDABLE. TO PRESERVE THE QUALITY AND AFFORDABILITY OF HOUSING FOR FUTURE LOW AND MODERATE INCOME RESIDENTS OF THE COMMUNITY. 6 2 0 1 0 0 8222 0 5934 7788 -6562 132600 1000 1203 8594 141591 0 0 0 0 0 0 0 0 0 3475 106788 3475 106788 5119 34803 1226093 623236 976225 338565 249868 284671 X TO ACQUIRE, OWN, DISPOSE OF, AND DEAL WITH REAL AND PERSONAL PROPERTY AND INTERESTS TO PROVIDE OPPORTUNITIES FOR LOW AND MODERATE INCOME PEOPLE TO SECURE HOUSING THAT IS DECENT AND AFFORDABLE. TO PRESERVE THE QUALITY AND AFFORDABILITY OF HOUSING FOR FUTURE LOW AND MODERATE INCOME RESIDENTS OF THE COMMUNITY. 0 0 102389 0 8991 TO ACQUIRE, OWN, DISPOSE OF, AND DEAL WITH REAL AND PERSONAL PROPERTY AND INTERESTS TO PROVIDE OPPORTUNITIES FOR LOW AND MODERATE INCOME PEOPLE TO SECURE HOUSING THAT IS DECENT AND AFFORDABLE. TO PRESERVE THE QUALITY AND AFFORDABILITY OF HOUSING FOR FUTURE LOW AND MODERATE INCOME RESIDENTS OF THE COMMUNITY. 102389 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 2 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 0 0 0 0 0 MI X MOLLY PETERSEN 6163369333 415 MARTIN LUTHER KING JR ST SE GRAND RAPIDS MI 49507 JAN VAN DER WOERD PRESIDENT 1.00 40.00 X X 0 91685 17201 ANDREW D HAKKEN SECRETARY 1.00 40.00 X X 0 90698 9009 DEVETTA BLAKELY DIRECTOR 1.00 0.00 X 0 0 0 JON IPPEL DIRECTOR 1.00 0.00 X 0 0 0 JAY KILGO DIRECTOR 1.00 0.00 X 0 0 0 DANA DAVIS GARCIA DIRECTOR 1.00 0.00 X 0 0 0 BERNIZ CONSTANZA TERPSTRA DIRECTOR - PART YEAR 1.00 40.00 X 0 0 0 MICHELLE COVINGTON DIRECTOR - PART YEAR 1.00 40.00 X 0 0 0 DAKOTA RIEHL VICE PRESIDENT 1.00 40.00 X 0 74121 8976 RYAN VER WYS CEO 1.00 40.00 X 0 129287 12054 MOLLY PETERSEN VICE PRESIDENT OF FINANCE 1.00 40.00 X 0 103343 0 0 489134 47240 0 0 0 0 0 LAND LEASE INCOME 531310 7788 7788 7788 132940 340 132600 132600 132600 DOCUMENTATION FEES 900099 800 800 OTHER INCOME 900099 403 403 1203 141591 8991 0 132600 275 275 12100 12100 1262 1262 58 58 620 620 CLOSING EXPENSES 84259 84259 TRAINING & LICENSES 4399 4399 REAL ESTATE TAXES 3742 3742 POST-CLOSING EXPENSES 73 73 106788 102389 4399 0 777165 330693 1696 22324 2963369 2693150 447232 270219 1226093 623236 84092 307746 285 0 165000 0 726848 30819 976225 338565 X 249868 284671 249868 284671 1226093 623236 34803 0 X X 0 1 X 1 0 X 61181 2500 45000 8222 0 116903 61181 2500 45000 8222 116903 39364 77539 1880 1000 5171 6934 8991 23976 140879 47614 0.55040 X 270219 270219 2693150 2693150 0 270219 REPAIR RESERVES 30540 DUE TO RELATED PARTIES 279 30819 FORM 990, PART VI, SECTION A, LINE 7A INNER CITY CHRISTIAN FEDERATION, A MICHIGAN NONPROFIT CORPORATION (ICCF), SHALL APPOINT FOUR DIRECTORS TO THE BOARD. THOSE DIRECTORS SHALL, IN TURN, ELECT BY MAJORITY VOTE TWO DIRECTORS TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS SHALL MANAGE THE CORPORATION'S BUSINESS AND MAY EXERCISE ALL THE CORPORATION'S POWERS, SUBJECT TO THE REQUIREMENTS OF THE ARTICLES OF INCORPORATION AND THE MICHIGAN NONPROFIT CORPORATION ACT. NOTWITHSTANDING THE FOREGOING, ICCF MUST APPROVE IN ADVANCE EACH OF THE FOLLOWING ACTIONS OF THE BOARD: (A) AMENDMENT OF THE ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION; (B) REMOVAL OF THE CHAIRPERSON OF THE BOARD; (C) THE CREATION OF ANY ENTITY CONTROLLED, DIRECTLY OR INDIRECTLY, BY THE CORPORATION, INCLUDING, WITHOUT LIMITATION, THROUGH MEMBERSHIP INTEREST (A SUBSIDIARY); (D) ALL CAPITAL EXPENDITURES BY THE CORPORATION OR A SUBSIDIARY IN EXCESS OF $50,000 DURING ANY 12-MONTH PERIOD, AND ALL LOANS BY THE CORPORATION OR A SUBSIDIARY TO A THIRD PARTY; (E) ALL BORROWINGS OR GUARANTEES OF INDEBTEDNESS IN EXCESS OF $50,000 BY THE CORPORATION OR A SUBSIDIARY; (F) ANY MERGER OR CONSOLIDATION OF THE CORPORATION OR A SUBSIDIARY, OR ANY OTHER CHANGE IN THE OWNERSHIP, CONTROL, OR CAPITAL STRUCTURE OF THE CORPORATION OR A SUBSIDIARY; (G) THE SALE OR TRANSFER OF MORE THAN TEN PERCENT (10%) OF THE ASSETS OF THE CORPORATION OR A SUBSIDIARY TO ANY PERSON OR ENTITY NOT CONTROLLED BY THE CORPORATION; AND (H) DISSOLUTION OF THE CORPORATION OR A SUBSIDIARY. FORM 990, PART VI, SECTION B, LINE 11B THE VP OF FINANCE AND THE CONTROLLER REVIEW A COPY OF THE FORM 990 FOR ACCURACY PRIOR TO FILING. A COPY OF THE FORM 990 IS ALSO PROVIDED TO THE PRESIDENT & TREASURER OF THE COMMUNITY HOMES LAND TRUST FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO APPROVAL BY THE BOARD, ALL NEW DIRECTORS MUST REVIEW THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS TO THE EXECUTIVE COMMITTEE AND THE BOARD PRESIDENT. ANY DIRECTOR WITH A CONFLICT IS REQUIRED TO ABSTAIN FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, BY A RELATED PARTY, THE CEO'S COMPENSATION IS ESTABLISHED BY THE BOARD OF DIRECTORS USING INDEPENDENT COMPARABILITY DATA. COMPENSATION FOR OTHER OFFICERS IS SET BY THE CEO USING A SIMILAR EVALUATION (ALSO DONE ON A YEARLY BASIS). THE MOST RECENT YEAR THIS PROCESS TOOK PLACE WAS FISCAL YEAR 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR. ICCF NONPROFIT HOUSING CORPORATION 415 MARTIN LUTHER KING JR ST SE STE GRAND RAPIDS MI 49507 382615690 HOUSING ASSISTANCE MI 501(C)(3) LINE 12B, II INNER CITY CHRISTIAN FEDERATION 1 INNER CITY CHRISTIAN FEDERATION 415 MARTIN LUTHER KING JR ST SE STE GRAND RAPIDS MI 49507 381903026 HOUSING ASSISTANCE MI 501(C)(3) LINE 7 N/A 0 PPH3 LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP 415 MARTIN LUTHER KING JR ST SE STE GRAND RAPIDS MI 49507 300719651 REAL ESTATE MI N/A 0 1 435 LAGRAVE LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP 415 MARTIN LUTHER KING JR ST SE STE GRAND RAPIDS MI 49507 300791599 REAL ESTATE MI N/A 0 1 501 EASTERN LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP 415 MARTIN LUTHER KING JR ST SE STE GRAND RAPIDS MI 49507 473551248 REAL ESTATE MI N/A 0 1 STOCKBRIDGE LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP 415 MARTIN LUTHER KING JR ST SE STE GRAND RAPIDS MI 49507 301000474 REAL ESTATE MI N/A 0 1 TAPESTRY SQUARE SENIOR LIVING LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED 415 MARTIN LUTHER KING JR ST SE STE GRAND RAPIDS MI 49507 834438056 REAL ESTATE MI N/A 0 1 EASTERN ELEMENTARY LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP 415 MARTIN LUTHER KING JR ST SE STE GRAND RAPIDS MI 49507 841728650 REAL ESTATE MI N/A 0 1 415 FRANKLIN LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP 415 MARTIN LUTHER KING JR ST SE STE GRAND RAPIDS MI 49507 822810940 REAL ESTATE MI N/A 0 1 PPH 3 NONPROFIT HOUSING CORPORATION 415 MARTIN LUTHER KING JR ST SE STE GRAND RAPIDS MI 49507 454535805 LOW-INCOME HOUSING MI N/A C 1 435 LAGRAVE NONPROFIT HOUSING CORPORATION 415 MARTIN LUTHER KING JR ST SE STE GRAND RAPIDS MI 49507 463156584 LOW-INCOME HOUSING MI N/A C 1 STOCKBRIDGE NONPROFIT HOUSING CORPORATION 415 MARTIN LUTHER KING JR ST SE STE GRAND RAPIDS MI 49507 811708840 LOW-INCOME HOUSING MI N/A C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0